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RAPAPORT ® TRADEWIRE ®
June 23, 2022
Rapaport Weekly Market Comment - June 23, 2022

News: Optimism for US market as Las Vegas shows demonstrate robust demand despite inflation concerns. China slowdown weighing on 0.30 ct. goods. Trading seasonally quiet. Excess inventory of less desirable goods; prices declining due to low demand. Russian rough entering supply chain and may disrupt market balance. Alrosa reportedly maintaining production plan of 34M to 35M cts. for 2022. De Beers June sales +36% to $650M. TSL warns of China slump after FY sales +5% to $353M, profit of $2M vs. loss of $6M. Sotheby’s NY sells $52M, with pear-shape, 101.41 ct., D, IF Juno diamond going for $13M ($127,832/ct.). Edward Asscher extends term as WDC president to 2023.

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RAPNET DIAMOND INDEX (RAPI™)
Weekly Monthly Y2Y
0.30 ct -0.3% -0.2% -1.5%
0.50 ct -0.5% -1.1% 6.0%
1.00 ct -0.7% -1.0% 17.9%
3.00 ct -0.4% -0.1% 23.9%
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Market Reports
United States: Dealers struggling to replenish goods following upbeat JCK…
United States: Dealers struggling to replenish goods following upbeat JCK…
Belgium: Good movement of diamonds under 1 carat, but buyers have specific requirements…
Belgium: Good movement of diamonds under 1 carat, but buyers have specific requirements…
Israel: US demand strong, but inflation denting consumer sentiment…
Israel: US demand strong, but inflation denting consumer sentiment…
India: Las Vegas fair attendees saw solid business but uncertain whether clients will make substantial follow-up orders…
India: Las Vegas fair attendees saw solid business but uncertain whether clients will make substantial follow-up orders…
Hong Kong: Mainland border closures hampering tourist arrivals and general commerce even though Hong Kong businesses have reopened…
Hong Kong: Mainland border closures hampering tourist arrivals and general commerce even though Hong Kong businesses have reopened…
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Made to Go Mainstream
By Avi Krawitz

Once considered the greatest threat to mined diamonds, laboratory-grown goods are increasingly gaining acceptance — but the road hasn’t been easy.

Check It Out
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The Economics of Lab-Grown
By Joshua Freedman

Prices for man-made diamonds are starting to stabilize after a period of precipitous drops.

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Podcast: Bringing Estate Jewelry into the Digital Age
From Jewelry Connoisseur

Dealer Marianne Fisher reveals how Covid-19 forced her segment online and led to the creation of the Jewelers Circle trading website.

Listen Now
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Top Stories of the Week
Lower rough supply may be “blessing” for the industry, Rapaport chairman says in annual speech.
Martin Rapaport at JCK Las Vegas
Lower rough supply may be “blessing” for the industry, Rapaport chairman says in annual speech.
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Proceeds reach $650 million at June cycle.
De Beers Sales Accelerate Following Price Rise
Proceeds reach $650 million at June cycle.
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Restoration of Mir mine still on track, CEO says.
Alrosa to Maintain Production Plan: Report
Restoration of Mir mine still on track, CEO says.
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Private collector renames pear-shaped, D-color, internally flawless stone Claire G, after his wife.
101ct. Diamond Rakes In $13M at Sotheby’s
Private collector renames pear-shaped, D-color, internally flawless stone Claire G, after his wife.
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Sales increased by almost a fifth, according to Bain & Company.
Luxury Sector Sees First-Quarter Growth
Sales increased by almost a fifth, according to Bain & Company.
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Executive built the company from its initial concept to an established business.
Steve Coe to Exit Role as Lightbox CEO
Executive built the company from its initial concept to an established business.
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Danish jeweler will take over 34 locations from distributor Visão do Tempo.
Pandora to Acquire Franchisee Business in Portugal
Danish jeweler will take over 34 locations from distributor Visão do Tempo.
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Retailer saw net gain of $2 million in fiscal 2022, compared with loss of $5.6 million in previous year.
Hong Kong Jeweler TSL’s Profit Back on Track
Retailer saw net gain of $2 million in fiscal 2022, compared with loss of $5.6 million in previous year.
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Council extends term until 2023, citing “unusual circumstances” that include Covid-19.
Asscher to Serve Extra Year as WDC Head
Council extends term until 2023, citing “unusual circumstances” that include Covid-19.
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Alexis Nasard was previously a senior business adviser at McKinsey & Co.
Swarovski Names First Non-Family CEO
Alexis Nasard was previously a senior business adviser at McKinsey & Co.
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